Gramercy Property Trust (GPT) : Traders are getting increasingly bearish on Gramercy Property Trust (GPT), as can be seen in the addition of short positions from 19,139,405 on Jul 29, 2016, to 20,206,724 on August 15, 2016. The net change in shorts is 1,067,319 shares, an increase of 5.6%. 8 days remain before the expiry. The 4.8% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 2,687,055. The short interest information was released on Wednesday Aug 24th after the market close.
Gramercy Property Trust (NYSE:GPT): The stock opened at $9.59 on Wednesday but the bulls could not build on the opening and the stock topped out at $9.62 for the day. The stock traded down to $9.51 during the day, due to lack of any buying support eventually closed down at $9.58 with a loss of -0.52% for the day. The stock had closed at $9.63 on the previous day. The total traded volume was 1,889,143 shares.
In a related news,The officer (President) of Gramercy Property Trust, Harris Benjamin P sold 100,000 shares at $9.55 on August 17, 2016. The Insider selling transaction had a total value worth of $955,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Gramercy Property Trust, formerly Chambers Street Properties, is an investor and asset manager of commercial real estate, and operates as a real estate investment trust (REIT). The Company specializes in acquiring and managing single-tenant, net leased industrial and office properties in the United States and Europe markets. The Company has two operating segments: Investments/Corporate and Asset Management. The Investments/Corporate segment includes all of the Companys activities related to investment and ownership of commercial properties net leased to tenants throughout the United States. The Asset Management segment includes all of the Companys activities related to third-party asset and property management of commercial properties located throughout the United States and Europe.